Chapter

Exchange Rate Regimes: Fear of Floating

Yung Chul Park

in Economic Liberalization and Integration in East Asia

Published in print December 2005 | ISBN: 9780199276776
Published online February 2006 | e-ISBN: 9780191603051 | DOI: http://dx.doi.org/10.1093/0199276773.003.0016
 Exchange Rate Regimes: Fear of Floating

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A free floating exchange rate regime conflicts with an export-led development strategy because of high exchange rate volatility and lack of market supporting infrastructure. The following proposals are discussed: free floating regimes with inflation targeting, and less flexible regimes such as the BBC regime, floating with reserve intervention, and managed floating plus.

Keywords: exchange rate; flexibility; depreciation; volatility; floating; inflation targeting; intermediate regime

Chapter.  5528 words.  Illustrated.

Subjects: Business and Management

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